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Power Electronics Global Market Report 2025
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Global Power Electronics Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Power Electronics Global Market Report 2025

By Product (Discrete, Module), By Material (Silicon, Silicon Carbide, Gallium Nitride), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (Power Management, UPS, Renewable, Other Applications), By End User Industry (Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Power Electronics Market Overview

• Power Electronics market size has reached to $48.26 billion in 2024

• Expected to grow to $61.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%

• Growth Driver: Rapid Development Of Electric Vehicles

• Market Trend: Technological Advancements In Power Electronics

• Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Power Electronics Market?

Power electronics are electronic circuit devices that transfer power from a source to a load efficiently and robustly using diodes, transistors, and thyristors. It converts electrical power from one form to another to deliver power.

The main types of products in power electronics are discrete and module. Discrete devices are single-type semiconductors such as diodes or transistors. Power transistors are the foremost discrete devices that are being utilized in a various range of applications, including regulating voltages, helping lower power consumption, and reducing heat generation. The different materials include silicon, Silicon Carbide, and Gallium Nitride and involve various voltages such as low voltage, medium voltage, and high voltage. It is used in power management, ups, renewable, and other applications and is employed in several sectors, including automotive, consumer electronics, it and telecommunication, military and aerospace, industrial, energy and power, and others.

Power Electronics Market Size and growth rate 2025 to 2029: Graph

What Is The Power Electronics Market Size 2025 And Growth Rate?

The power electronics market size has grown steadily in recent years. It will grow from $48.26 billion in 2024 to $49.78 billion in 2025 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to growth in the electronics and semiconductor industry, expansion of renewable energy systems, demand for efficient energy conversion, increase in electric vehicle adoption, regulatory standards for energy efficiency.

What Is The Power Electronics Market Growth Forecast?

The power electronics market size is expected to see strong growth in the next few years. It will grow to $61.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to customized power electronic solutions for specific applications, integration of power electronics in smart grid systems, sustainable and energy-efficient power electronics, growth in electric aircraft and evtols, expansion of 5G networks and power-efficient devices. Major trends in the forecast period include GaN and sic power semiconductor materials, regulatory compliance in power electronics safety, power electronics for energy storage and microgrids, high-frequency and miniaturized power converters, IoT integration in power electronics for smart devices.

The forecast of 5.2% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through increased costs for gallium nitride (GaN) substrates and high-frequency magnetics, predominantly manufactured in Taiwan and Singapore, raising prices for high-efficiency power conversion systems. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Power Electronics Market Segmented?

The power electronics market covered in this report is segmented –

1) By Product: Discrete, Module

2) By Material: Silicon, Silicon Carbide, Gallium Nitride

3) By Voltage: Low Voltage, Medium Voltage, High Voltage

4) By Application: Power Management, UPS, Renewable, Other Applications

5) By End User Industry: Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries

Subsegments:

1) By Discrete: Diodes, Transistors, Thyristors, Rectifiers

2) By Module: Power Modules, Intelligent Power Modules (IPMs), Multi-Chip Modules (MCMs)

What Is Driving The Power Electronics Market? Rapid Development Of Electric Vehicles

The rapid development of electric vehicles is significantly contributing to the growth of the power electronics market. Electric vehicles are vehicles that are partially or fully powered by electric power. Power electronics are used in numerous components of electric vehicles to handle electrical energy flow and also play a key role in energy management. For instance, according to International Energy Agency (IEA), a France-based independent intergovernmental agency, in 2022, there are 26 million electric cars on the road worldwide, up 60% relative to 2021. Therefore, the rapid development of electric vehicles is expected to propel the growth of the power electronics market going forward.

What Is Driving The Power Electronics Market? Increasing Sales Of Smart Electronic Devices

The increases sales of smart electronic devices is expected to boost the growth of the power electronics market. Smart electronic devices are electronic devices that are connected to the internet and can be controlled remotely through a companion app or voice control. Smart electronic devices promote innovation and increase demand for power management and smart energy solutions, boosting the power electronics industry. For instance, in May 2023, according to Smart Home Statistics, by 2025, global smart device shipments will be contributed by smart lighting systems (26%), security cameras (23%), smart speakers (19%), smart TV (14%), and other smart devices (18%). Thus, the increasing sales of smart electronic devices will support the growth of the power electronics market.

Who Are The Major Players In The Global Power Electronics Market?

Major companies operating in the power electronics market include ABB Ltd., Fuji Electric Co. Ltd., Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corporation, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments incorporated, Toshiba Corporations, Vishay Intertechnology, NXP Semiconductors, GaN Systems Inc., Littelfuse Inc., Maxim Integrated, ROHM Co. Ltd., Transphorm Inc., ON Semiconductor Corporation, Microchip Technology Inc., UnitedSiC Inc., Wolfspeed Inc., IXYS Corporation, Power Integrations Inc., Cree Inc., Diodes Incorporated, Semtech Corporation, Analog Devices Inc., Fairchild Semiconductor International Inc., International Rectifier Corporation, Linear Technology Corporation, Monolithic Power Systems Inc., Powerex Inc., Silicon Laboratories Inc., Sanken Electric Co. Ltd., TDK Corporation, Vicor Corporation, Yaskawa Electric Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation

What Are The Key Trends Of The Global Power Electronics Market? Technological Advancements In Power Electronics

Technological advancements are a key trend gaining popularity in the power electronics market. Technological advancement is a discovery of knowledge that advances technology. Major companies operating in the power electronics sector are focused on developing advanced technologies to meet consumer demand. For instance, in September 2023, STMicroelectronics, a Switzerland-based electronics and semiconductors manufacturer, introduced a new class of IGBTs with a breakdown-voltage capability of 1350V and a maximum operating temperature of 175°C, enhancing design margins, performance, and reliability. The STPOWER IH2 series also improves power conversion efficiency, featuring a low saturation voltage for reduced power dissipation and a freewheeling diode that enhances efficiency in quasi-resonant converters operating between 16kHz and 60kHz. These IGBTs are ideal for induction heating applications in household appliances, achieving up to an 11% reduction in power dissipation in 2kW applications.

What Are The Key Trends Of The Global Power Electronics Market? Focus On Collaborations And Partnerships

Major companies operating in the power electronics market are focused on partnering or collaborating with other companies to develop innovative solutions, expand their geographic presence and increase research and development in power electronics. Collaboration and partnership refer to the act of working together with others to achieve a common goal or objective. For instance, in June 2023, Airbus, a France based company in the aerospace industry, and STMicroelectronics, a Switzerland based semiconductor company, have signed an agreement to cooperate on power electronics research and development to support more efficient and lighter power electronics, essential for future hybrid-powered aircraft and full-electric urban air vehicles. The collaboration builds on evaluations already conducted by both companies to explore the benefits of wide bandgap semiconductor materials for aircraft electrification.

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Power Electronics Market Merger And Acquisition: Stove Kraft Limites Acquired Skava Electric Pvt. Ltd.

In January 2022, Stove Kraft Limited, an India-based cooking appliance company, acquired the business of SKAVA Electric for $0.54 million. With this acquisition, Stove Kraft would gain the business and intellectual property rights from SKAVA Electric and it would strengthen its position in the manufacturing of low-voltage switchgear solutions such as electrical switches, sockets, and switchboards by leveraging Skava's design, operation, and manufacturing teams. Skava Electric Private Limited is an India-based electrical manufacturing company focused on the electric switches and accessories segment.

Regional Outlook For The Global Power Electronics Market

Asia-Pacific was the largest region in the power electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the power electronics market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Power Electronics Market?

The power electronics market consists of sales of controlled rectifier, diodes, SCRs, and Triacs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Power Electronics Industry?

The power electronics market research report is one of a series of new reports from The Business Research Company that provides power electronics market statistics, including power electronics industry global market size, regional shares, competitors with a power electronics market share, detailed power electronics market segments, market trends and opportunities, and any further data you may need to thrive in the power electronics industry. This power electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Power Electronics Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $49.78 billion
Revenue Forecast In 2034 $61.03 billion
Growth Rate CAGR of 5.2% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Product: Discrete, Module
2) By Material: Silicon, Silicon Carbide, Gallium Nitride
3) By Voltage: Low Voltage, Medium Voltage, High Voltage
4) By Application: Power Management, UPS, Renewable, Other Applications
5) By End User Industry: Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries Subsegments: 1) By Discrete: Diodes, Transistors, Thyristors, Rectifiers
2) By Module: Power Modules, Intelligent Power Modules (IPMs), Multi-Chip Modules (MCMs)
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled ABB Ltd., Fuji Electric Co. Ltd., Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corporation, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments incorporated, Toshiba Corporations, Vishay Intertechnology, NXP Semiconductors, GaN Systems Inc., Littelfuse Inc., Maxim Integrated, ROHM Co. Ltd., Transphorm Inc., ON Semiconductor Corporation, Microchip Technology Inc., UnitedSiC Inc., Wolfspeed Inc., IXYS Corporation, Power Integrations Inc., Cree Inc., Diodes Incorporated, Semtech Corporation, Analog Devices Inc., Fairchild Semiconductor International Inc., International Rectifier Corporation, Linear Technology Corporation, Monolithic Power Systems Inc., Powerex Inc., Silicon Laboratories Inc., Sanken Electric Co. Ltd., TDK Corporation, Vicor Corporation, Yaskawa Electric Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation
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Table Of Contents

1. Executive Summary

2. Power Electronics Market Characteristics

3. Power Electronics Market Trends And Strategies

4. Power Electronics Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Power Electronics Growth Analysis And Strategic Analysis Framework

5.1. Global Power Electronics PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Power Electronics Market Growth Rate Analysis

5.4. Global Power Electronics Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Power Electronics Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Power Electronics Total Addressable Market (TAM)

6. Power Electronics Market Segmentation

6.1. Global Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Discrete

Module

6.2. Global Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Silicon

Silicon Carbide

Gallium Nitride

6.3. Global Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Low Voltage

Medium Voltage

High Voltage

6.4. Global Power Electronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Power Management

UPS

Renewable

Other Applications

6.5. Global Power Electronics Market, Segmentation By End User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Automotive

Consumer Electronics

IT and Telecommunication

Military And Aerospace

Industrial

Energy And Power

Other End Use Industries

6.6. Global Power Electronics Market, Sub-Segmentation Of Discrete, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Diodes

Transistors

Thyristors

Rectifiers

6.7. Global Power Electronics Market, Sub-Segmentation Of Module, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Power Modules

Intelligent Power Modules (IPMs)

Multi-Chip Modules (MCMs)

7. Power Electronics Market Regional And Country Analysis

7.1. Global Power Electronics Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Power Electronics Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Power Electronics Market

8.1. Asia-Pacific Power Electronics Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Power Electronics Market

9.1. China Power Electronics Market Overview

9.2. China Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Power Electronics Market

10.1. India Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Power Electronics Market

11.1. Japan Power Electronics Market Overview

11.2. Japan Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Power Electronics Market

12.1. Australia Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Power Electronics Market

13.1. Indonesia Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Power Electronics Market

14.1. South Korea Power Electronics Market Overview

14.2. South Korea Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Power Electronics Market

15.1. Western Europe Power Electronics Market Overview

15.2. Western Europe Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Power Electronics Market

16.1. UK Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Power Electronics Market

17.1. Germany Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Power Electronics Market

18.1. France Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Power Electronics Market

19.1. Italy Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Power Electronics Market

20.1. Spain Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Power Electronics Market

21.1. Eastern Europe Power Electronics Market Overview

21.2. Eastern Europe Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Power Electronics Market

22.1. Russia Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Power Electronics Market

23.1. North America Power Electronics Market Overview

23.2. North America Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Power Electronics Market

24.1. USA Power Electronics Market Overview

24.2. USA Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Power Electronics Market

25.1. Canada Power Electronics Market Overview

25.2. Canada Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Power Electronics Market

26.1. South America Power Electronics Market Overview

26.2. South America Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Power Electronics Market

27.1. Brazil Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Power Electronics Market

28.1. Middle East Power Electronics Market Overview

28.2. Middle East Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Power Electronics Market

29.1. Africa Power Electronics Market Overview

29.2. Africa Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Power Electronics Market Competitive Landscape And Company Profiles

30.1. Power Electronics Market Competitive Landscape

30.2. Power Electronics Market Company Profiles

30.2.1. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Fuji Electric Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Infineon Technologies AG Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Microsemi Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Power Electronics Market Other Major And Innovative Companies

31.1. Renesas Electronics Corporation

31.2. STMicroelectronics

31.3. Texas Instruments incorporated

31.4. Toshiba Corporations

31.5. Vishay Intertechnology

31.6. NXP Semiconductors

31.7. GaN Systems Inc.

31.8. Littelfuse Inc.

31.9. Maxim Integrated

31.10. ROHM Co. Ltd.

31.11. Transphorm Inc.

31.12. ON Semiconductor Corporation

31.13. Microchip Technology Inc.

31.14. UnitedSiC Inc.

31.15. Wolfspeed Inc.

32. Global Power Electronics Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Power Electronics Market

34. Recent Developments In The Power Electronics Market

35. Power Electronics Market High Potential Countries, Segments and Strategies

35.1 Power Electronics Market In 2029 - Countries Offering Most New Opportunities

35.2 Power Electronics Market In 2029 - Segments Offering Most New Opportunities

35.3 Power Electronics Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Power Electronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Power Electronics Market, Segmentation By End User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Power Electronics Market, Sub-Segmentation Of Discrete, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Power Electronics Market, Sub-Segmentation Of Module, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Power Electronics Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Power Electronics Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: ABB Ltd. Financial Performance
  • Table 79: Fuji Electric Co. Ltd. Financial Performance
  • Table 80: Infineon Technologies AG Financial Performance
  • Table 81: Microsemi Corporation Financial Performance
  • Table 82: Mitsubishi Electric Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Power Electronics Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Power Electronics Market, Segmentation By End User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Power Electronics Market, Sub-Segmentation Of Discrete, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Power Electronics Market, Sub-Segmentation Of Module, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Power Electronics Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Power Electronics Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Power Electronics Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Power Electronics Market, Segmentation By Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: ABB Ltd. Financial Performance
  • Figure 79: Fuji Electric Co. Ltd. Financial Performance
  • Figure 80: Infineon Technologies AG Financial Performance
  • Figure 81: Microsemi Corporation Financial Performance
  • Figure 82: Mitsubishi Electric Corporation Financial Performance

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Frequently Asked Questions

Power electronics are electronic circuit devices that transfer power from a source to a load efficiently and robustly using diodes, transistors, and thyristors. It converts electrical power from one form to another to deliver power. For further insights on this market, request a sample here

The market major growth driver - Rapid Development Of Electric Vehicles. For further insights on this market, request a sample here

The power electronics market size has grown steadily in recent years. It will grow from $48.26 billion in 2024 to $49.78 billion in 2025 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to growth in the electronics and semiconductor industry, expansion of renewable energy systems, demand for efficient energy conversion, increase in electric vehicle adoption, regulatory standards for energy efficiency. The power electronics market size is expected to see strong growth in the next few years. It will grow to $61.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to customized power electronic solutions for specific applications, integration of power electronics in smart grid systems, sustainable and energy-efficient power electronics, growth in electric aircraft and evtols, expansion of 5g networks and power-efficient devices. Major trends in the forecast period include GaN and sic power semiconductor materials, regulatory compliance in power electronics safety, power electronics for energy storage and microgrids, high-frequency and miniaturized power converters, iot integration in power electronics for smart devices. For further insights on this market, request a sample here

The power electronics market covered in this report is segmented –
1) By Product: Discrete, Module
2) By Material: Silicon, Silicon Carbide, Gallium Nitride
3) By Voltage: Low Voltage, Medium Voltage, High Voltage
4) By Application: Power Management, UPS, Renewable, Other Applications
5) By End User Industry: Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries Subsegments:
1) By Discrete: Diodes, Transistors, Thyristors, Rectifiers
2) By Module: Power Modules, Intelligent Power Modules (IPMs), Multi-Chip Modules (MCMs) For further insights on this market, request a sample here

Asia-Pacific was the largest region in the power electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on this market, request a sample here.

Major companies operating in the power electronics market include ABB Ltd., Fuji Electric Co. Ltd., Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corporation, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments incorporated, Toshiba Corporations, Vishay Intertechnology, NXP Semiconductors, GaN Systems Inc., Littelfuse Inc., Maxim Integrated, ROHM Co. Ltd., Transphorm Inc., ON Semiconductor Corporation, Microchip Technology Inc., UnitedSiC Inc., Wolfspeed Inc., IXYS Corporation, Power Integrations Inc., Cree Inc., Diodes Incorporated, Semtech Corporation, Analog Devices Inc., Fairchild Semiconductor International Inc., International Rectifier Corporation, Linear Technology Corporation, Monolithic Power Systems Inc., Powerex Inc., Silicon Laboratories Inc., Sanken Electric Co. Ltd., TDK Corporation, Vicor Corporation, Yaskawa Electric Corporation, Murata Manufacturing Co. Ltd., Panasonic Corporation . For further insights on this market, request a sample here.

Major trends in this market include Technological Advancements In Power Electronics. For further insights on this market, request a sample here.

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Global Power Electronics Market Report 2025

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